Omaha daily bee., 1887-11-16
AN AIR LINE TO DES MONIES.
Lincoln Considering the Subject of
Issuing Bonds For 1t.
THE ADVANTAGE OF THE ROAD.
II is Hoped Missouri River Rates Will
De Sccured-Anotber Wreck in
the Ii. & NJ. Yards
Personals.
TrnoM THE BEES LINCOLN BUREAU. |

matured and become public in the introduc-
tion of an ordinance at the Monday night
session Of the city council TO call special
bond election. This ordinance passed its
first reading and will be special order at
an adjourned session of the council TO be held
Thursday evening, when the ordinance will
undoubtedly be passed and the election
ordered. The ordinance provides for an
election in the month of December, the date
OF which is not fixed, at which time the city
VIII vote upon the proposition: "Shall the
mayor and city council of Lincoln, for the
purpose of aiding in the construction of the
Lincoln, Red Oak e. Des Moines railroad,
issue bonds Of said city in the amount of
Sl5O, 900 payable to the said railroad or bearer
on January /, 1919, but optional with the
city on or after January I. 1884, bonds to bear
the bonds the city is expected to fur
nsh and it is provided on the part
of the railroad company in the
ordinance mentioned, that said railroad COM
pany shall, on or before the 1st of Novem
Der, 1889, and before any of the said bonds
shall be issued, have built and constructed
their said railroad with all necessary cul-
verts, crossings, gradings, drains, sdings,
bridges'( except bridge across the Missouri
river), turnouts and rails, complete between
said city of Lincoln, Neb., and the said city
of Des Moines, in the state of Iowa, or shall
have constructed so much of said line, within
the time last aforesaid, and in the manner
aforesaid, as to connect the same with rail
road or railroads, over which the said Lin
eoln Red Oak & Des MOines railroad COM
pany shall by the time last aforesaid, have
procured lease or leases, or traffic con
tracts, enabling said last named company to
operate and maintain continuous line Of
railway SERVICE undcr its own exclusive man.
agement, between the said city of Lincoln
and the said city of Des Mones, and shall be
actually operating and maintaining the same
for the transportation of freight and pas
sengers and said bonds shall be delivered as
soon as said railroad service shall be in oper-
alton, within the time aforesaid between the
said cities Of Lincoln and Des Moines.
Accompanying this ordinance was con-
tract prepared by the incorporators of the
new road that is a radical departure from the
usual proceedings in bond elections This
agreement is in effect that the mayor and
council having called an election If the prop
OSitiOn shall carry and the city vote the
$50 600 bonds, the Lincoln, Red Oak & Des
Moines railroad company agrees that it
will not consolidate its stock, property, earn
ings, or franchises, by sale, lease or other
wise, with any other corporation, owning or
operating line of railroad into the said city
Of Lincoln, except to procure lease or
leases, or traffc arrangements for the opera
tion of its own line Of railway service, over
any such road or roads, or parts thereof, and
shall not within thirty years, from the date
of delivery of said bonds knowingly charge
or demand, unless compelled by public law,
greater compensation for the transportation
Of freight over its own and connecting lines.
between the citv of Chicago and the city of
Lincoln, Neb, than shall be charged or de-
manded by Il or any other railroad company.
at or about the same time, for the same or
and the cities of Omaha. Neb. or Sioux
City Ia.
Followinp this is n provision stating what
shall he the MAXIMUM rate on different classes
of freiyhts The rates fixed as this maximum
are much lower than those in existence at the
present time between Chicago and Missouri
river noints. and are stated to he the lowest
figure that TRANSPORTATION can be effected
Without loss. It is further stated in the
agreement that the bonds. If issued. will
be expressly mon the consideration
and guarantee Of this agreement.
and the passing of the bonds from the city to-
the parties stockholders of the road ia to be
understood and construed ais the mutual &C.
ceptance and execution of the contract on he
half of both parties. The contract closes
with this guarantee on the part of the rail
road.
For the mrnose NJ insur;no tho faithful
nerformanre ~ this contract on the mart Of
The nartv of the first mart If is further p agrecd
that heforn or at the lime of the deiverv Of
said citv hnnds said marty of the first mart
shall deposit with trustee to he named bv
the mdpes NJ the snnreme conrt of Nebras,a
s5Oo 0n5 of The fret mortga~e < ner cent ;n''
ferest hearing bonds Of said first marty which
sbalI be retaineI hv said tmstea to satisfy
anv ohIigat;on that nav be incurred hw said
first narfv hereunder ~
The action of the new railroad as broupbt
forth in the request for bonds is n ponerai
tonic of conversatIon in tho citv and IL ia
renerallv understood tN mean new
eastern Sutlet for the city that Inv forming a
connoction ot Doa Moines with fhn SticlInov
svstom with tho Ch;caTo Roclr JsIand (
Ia";sn' ,,;th The Ni;IwaStee r. e. pauI and
nt%nr 1;r"s oanto,.;na there tbromgb which
Wnans n d,oct linz from ch;caS6 can ha
,mo;ntaimod anJ tho rataS aoHaI;yeS bet,veen
"%inn,,n ,nd III ;nni, aS SatH,nan Sh;co%" ond
Smaho and Chica"n md S;omw citw vithnnt
tho mr"sant a5nod Local rate exacttn,d NV the
Local roods ,vost nf tho r;,,e,. Tha ;ncor.
,,orators of The rond nre. NJ I1avmond
+ n HorIov 7 r Iftt IT n HarwonS Jnhn
II Amn. II McMnrtw ord HnnL
atoT a, 70 tho Inc ~ ro.d ~ ' IL 10 nronosoS 70
mt survevors at ,xorir at once locating to The
Missouri Flyer on as near an air line "a nrac.
ticahIe mo nrnsent niana nre to moLr the
crossing M about thn renter ~ tho east limo
of c,oss c"u"tw WV ''''0
.MNpvcrsIu,p uppcu
The n e. NJ mot with another accidont
l.; th;s o;t'e u,;tol ana;ro ,,;th . nmmhnS,
~ care Te,iherotarv entered tbs main line
trocr no,.th 90 tha ,;tw ;n tho fa"a nf Tho IN
cnminr oxnraSs troin from the eost rho
rs &c tbo nossar'rar ., tro;r str,,oi, ~, hn,
S,;', -, o,S sy.,.W,, @ ~
tS ,i's 'hs,n s,,itur;n "u thn nJ